up .02 to .05 @ 318k volume
vs. avg vol of 124k
Artists to Receive 95% on the Sale of Their Music
via COMTEX
Feb 11, 2004 6:01:00 AM
PHOENIX, AZ (Market Wire) - ItsFun.com, Inc., a subsidiary of Advanced Solutions and Technologies, Inc. (OTC: ADVK) makes bold move in music sales. ItsFun.com ( www.itsfun.com) allows the artist to retain 95% of the proceeds on each and every sale. Other music sales organizations do not even come close. Not Apple, not Napster.
"The industry is going through a complete change first in the mind set of the artist and then the way people consume music. Therefore we're viewing this project thru two sets of eyes, that of the artist and that of the consumers. We will not dictate the price an artist charges for their work. If you want to sell the consumer what the consumer buys, then you must see the consumer thru the consumer eyes," said Leslieann Norem, spokesperson for ItsFun.com.
Free early registration raise to first 2,500. They have expanded the offer now to the first 2,500 inquiries from an initial 500. Artists, bands, songwriters, producers, publishers and labels who get in under the wire will be allowed to register without the usual $29.95 setup fees.
In one location hundreds of thousands of independent artists will showcase their talents and music with accompanying promotional materials such as pictures, bios and performance schedules online, which gives them the ability to generate income far beyond their wildest dreams. ItsFun.com anticipates the single biggest consumer shift in a generation.
By 2008, one third of music sales in the United States and nearly 20 percent in Europe will come in the form of downloads and streaming music over the Internet, building a multi-billion dollar business, according to a new study by consultancy Forrester Research. Josh Bernoff, a Forrester Research analyst said, "the U.S. market alone for downloads and subscriptions to online music stores will top $300 million this year from a virtual standing start a year ago."
Forward-looking Statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks.
Contact: J.R. Williams 602-579-3003 Email: Info@ItsFun.com Website: www.ItsFun.com
Copyright (c) 2004 Market Wire
Also seen this post earlier:
Immediatek Announces First Ever Internet-Only Secure Full-Length CD; Pat DiNizio, Founder and Frontman of The Smithereens, to Record
Jump to first matched term
RICHARDSON, Texas, Feb 25, 2004 (BUSINESS WIRE) -- In a bold move to move the music industry forward with secure content distribution via its NetBurn Secure(TM) product line, Immediatek (OTCBB:ITEK) announced today that it is launching a record label and production unit designed specifically to empower independent artists and musicians with tools to enhance their creativity and which will distribute the resulting virtual CD products entirely over the Internet with Immediatek's NetBurn Portal System(TM).
Legendary frontman Pat DiNizio of The Smithereens is recording a new CD that will be the first major release on the as-yet unnamed label, and will be available only through the NetBurn Secure product line.
Any opinions on these two?
They could quite possibly be complimentary to each others services????